Gemini purchased a piece of equipment on June 30, 2018 that cost $50,000. The company paid $10,000 cash down and nanced the rest with an installment note calling for monthly payments on the la: day of each month for two years. The annual payment using a 7.0% interest rate is $1,791. The following is the loan amortization schedule for this installment note. Date mm Balance 6/30/18 40000 7/31/18 1,791 233 1,558 38,442 8/31/18 1,791 224 1,567 36,875 9/30/18 1,791 215 1,576 35,299 10/31/18 33.714 11/30/18 -13_ 32.121 1/31/19 1,791 178 1,613 28,904 2128/19 _-E_ 27282 3131/19 25,650 5/31/19 1,791 140 1,651 22,358 6/30/19 20698 7/31/19 19028 8/31/19 17,343 9130/19 101 1,690 15,658 10/31/19 1,791 91 1,700 13,958 11/30/19 1,791 82 1,709 12,249 1213109 10529 1131/20 "-9- 8,800 2128/20 7.060 38100 5.311 4130/20 3551 5131/20 1,731 Totals 42,984 2,984 40,000 XXXXXXX Required: Use the preceding information to record the transactions and adjusting entries for th month. Then, prepare in good form and submit a multi-step income statement, a statement of changes in stockholders' equity, and a classied balance sheet for the company for the month ended November 30, 2018. Use the examples posted on I-Learn to help with the format on your nancial statements. This is similar to Problem 7 -32 in your textbook